MONTREAL ― It’s not much of a secret that Canadians and Americans have been drifting apart politically for some time now. But it’s a less-known ― though increasingly obvious ― fact that the financial state of Canadians is also drifting away from that of Americans. Here are seven ways Canadians are now totally different from Americans when it comes to money ― and one way they’re surprisingly the same. The result is that today the typical Canadian family pays less in income tax than a U.S. counterpart. TD Economics This chart from TD Economics shows how Americans' debt levels peaked and started to decline during the financial crisis a decade ago, while Canadians' debt has continued to climb.

Source: Huffington Post November 17, 2019 20:26 UTC